How do I start a real estate development company ?
June 8, 2007 7:11 PM Subscribe
What resources and/or advice can you give me about getting into real estate deveolpment ?
posted by dawdle to work & money (4 answers total) 2 users marked this as a favorite
I am employed full time and make a decent steady living. My job only requires me to work about 8-14 days / month so I have a lot of free time.
I've dabbled in real estate a bit and now own 2 rental properties. I'm considering selling 1 or both of them to free up some capital and start something potentially big that could see me quitting my job and leading to financial freedom, and a business for myself that I think I could love. Namely buying a property, developping a multi unit condo type project, making design decisions and marketing and selling the units.
The only problem I have is that I have no experience in this. I could probably muster up about 250K ( every penny I have ) to start this up and obviously will need to bring in partners with money and experience.
Where do I start ? Bonus points if you have any advice, contacts,... specific to Toronto and the GTA.